Trilegal acted as transaction counsel to Piramal Enterprises Limited and A.K. Capital Services Limited, Nuvama Wealth Management Limited, JM Financial Limited and Trust Investment Advisors Private Limited, in connection with the tranche I issue of secured, rated, listed, redeemable, non-convertible debentures (NCDs) of face value INR 1,000 each aggregating up to INR 1,000 crore (Tranche I Issue) by Piramal Enterprises Limited, which is within its Shelf Prospectus limit of INR 3,000 crores.

This is the debut of public issue of NCDs by Piramal Enterprises Limited.

The team advising on capital markets-related matters was led by Bhakta Patnaik and Albin Thomas (Partners) and comprised Bhargavi Mahajan and Malika Grewal (Senior Associates),Arsh Sinha, Anoushka PV, Janhavi Shah, Akanksha Goel and Shambhavi Sharma (Associates).

The team advising on banking and finance-related matters was led by Ameya Khandge (Partner) and comprised Aseem Dhawan (Counsel), Pragya Pugalia (Senior Associate), and Aastha Singh (Associate).